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CB Richard Ellis becomes agent for 433 Murray Hill.


On behalf of the property owner, Penn Bottle Supply, CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2.  has been awarded the exclusive assignment for the sale of the 100,000 s/f 433 Murray Hill Parkway facility in East Rutherford, N.J.

The CBRE CBRE CB Richard Ellis (real-estate firm)
CBRE Chemical, Biological, Radiological and Explosive
CBRE Component-Based Reliability Estimation
CBRE Coldwell Banker Richard Ellis (Boston, MA) 
 team leading this assignment includes William R. Waxman and Gary E. Capetta, first vice presidents, Nicolas J. Nitti, senior associate, and Carrie Brown and Justin Stein, associates.

"We are proud to have been assigned this rare sales opportunity in northern New Jersey," said Waxman. "This location provides an excellent labor market and is just off Route 3--a major for the supply chain of manufacturers and distributors in the region. Because there are only a few quality facilities like this for sale in the area, we expect demand to be very high."

433 Murray Hill Parkway is a quality manufacturing and/or distribution facility located within the Meadowlands, in close proximity to New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
 and Ports Newark/Elizabeth. Routes 17 and 46, Interstate 80, the Garden State Parkway The Garden State Parkway is a 172.4-mile (277-km) limited-access toll parkway that stretches the length of New Jersey from the New York state line at Montvale, New Jersey, to Cape May at the southern tip of the state. Its name refers to the state nickname, the "Garden State".  and the New Jersey Turnpike are within minutes from this strategic location.

The building is equipped with 5,000 s/f of office space, 20-foot ceiling heights, nine tailboard tail·board  
n.
See tailgate.


tailboard
Noun

a removable or hinged rear board on a lorry or trailer

Noun 1.
 doors, partial air conditioning and heavy power capacity.
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Article Details
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Title Annotation:New Jersey
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Nov 3, 2004
Words:204
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